There is no government involvement in economic systems in this type of economy.
The Government lets the people answer he three basic economic questions
Consumers decide if businesses survive or fail
Government controls all factors off production and makes all the decisions
Government is responsible for answering the three economic questions
Little choice for consumers in what is available.
Government makes decisions, such as, the type of education children will receive
Capitalist Economy is another name for which type of economy?
The United States has which type of economy?
The 3 Basic Economic Questions are:
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